Visitor arrivals to Macau numbered 3.40 million in August, up by 18.7 percent year-on-year, data from the city’s Statistics and Census Service showed on Monday. The expansion rate in the August visitor tally was bigger than that in July, when the city saw a 4.0 percent year-on-year increase.
In August the number of visitors from mainland China expanded by 25.3 percent year-on-year to approximately 2.53 million. The tally of visitors under the Individual Visit Scheme – mainland China’s exit permit system for outbound tourists travelling independently rather than in tour groups – was up 31.0 percent year-on-year in August, to approximately 1.31 million.
Also in August, most of Macau’s feeder markets saw year-on-year increases in visitor numbers. The exceptions were the Philippines, Indonesia, Japan, South Korea, Brazil and Switzerland.
Macau’s visitor arrivals in the eight months to August 31 increased by 8.9 percent from the prior-year period to 23.25 million. Mainland Chinese accounted for 70.5 percent of the aggregate number of visitors in the first eight months this year – or 16.40 million visitors, up by 14.2 percent year-on-year.
Investment analysts have said that headline visitor numbers are not directly correlated to overall gaming demand, as gross gaming revenue (GGR) in the Macau market has been typically skewed to high-end play.
Official data show that Macau’s monthly casino GGR rose by 17.1 percent year-on-year in August, to nearly MOP26.56 billion (US$3.29 billion). The figure was also the highest monthly tally so far this year. The number of overnight and same-day visitors to Macau in August rose by 16.3 percent and 21.6 percent year-on-year respectively, to nearly 1.80 million and 1.60 million. The average length of stay of visitors in that month was 1.2 days, down by 0.1 days compared with the same month last year.
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”Many investors cite Golden Week as a catalyst to significant, sustainable visitation increases and a showcase for profitability for many casinos [in Macau]... However… we are concerned recovery estimates may again be pushed back”
Analyst at Roth Capital Partners